A Charging Clause Samples
The "A Charging" clause defines the terms and conditions under which charges or fees are applied within an agreement. Typically, this clause outlines what services or goods are subject to charges, how those charges are calculated, and the timing or method of payment. For example, it may specify hourly rates for professional services or set out a schedule of fees for specific deliverables. The core practical function of this clause is to ensure both parties have a clear understanding of financial obligations, thereby preventing disputes over payments and ensuring transparency in the charging process.
A Charging. Group Company wishing to become an additional Borrower shall execute and deliver a Deed of Accession to the Facility Agent together with all the documents referred to in the Schedule to that Deed of Accession, each in form and substance satisfactory to the Facility Agent acting reasonably.
A Charging. Group Company shall accede to this Agreement as a Client on LND counter-signing the relevant Accession Agreement.
A Charging. Group Company shall accede to this Agreement as a Borrower on the Facility Agent counter-signing the relevant Deed of Accession.